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1. How do you calculate break-even output?

  • Fixed costs / (Selling price per unit - Variable cost per unit)
  • Selling price x Number of items sold
  • Contribution per unit x Number of items sold
  • Sales revenue - Total costs
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2. How do you calculate profit?

  • Sales revenue - Total costs
  • Fixed costs / (Selling price per unit - Variable cost per unit)
  • Selling price per unit - Variable cost per unit
  • Fixed costs + Variable costs

3. What is market segmentation?

  • The individual buying the right to the franchise
  • The cost of the next best alternative forgone
  • A technique where the market is broken down into smaller sections with similar characteristics
  • The sale of the right to use a business idea by an existing business

4. What is an electronic market?

  • Buyers and sellers come together to exchange goods and services
  • A market where buyers and sellers combine to exchange goods and services through technology such as the internet, phones, tablets etc.
  • The amount consumers are willing and ables to buy at a set price over a period of time

5. How do you calculate contribution per unit?

  • Selling price per unit - Variable cost per unit
  • Selling price x Number of items sold
  • Fixed costs + Variable costs
  • Contribution per unit x Number of items sold

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